Daily - Go to TTD's Chart scroller of  Breakout and Leading Stocks - Thursday, April 14, 2016

Daily - Bullish Investors  - Go To TTD Pre-Market Opening Breakout Watch  List and Performance - Thursday, April 14, 2016

Ticker Tape Digest

Thursday - April 14, 2016

By Leo Fasciocco -- TTD

      Ticker Tape Digest presents its daily stock market report containing stocks to go long as breakout trades, quick trades, or bargain trades. We also feature stocks under Significant Accumulation that are poised to breakout.

 The TTD report also contains stocks to short as  breakdown plays and as bargain (swing trade) shorts.

  Investors should  tend to try to go with a strategy that fits with the stock market's trend, unless there is a special situation play.

  TTD's Breakout Stocks - Long are most suitable for aggressive investors seeking ideal entry points into leading stocks, especially during bull markets. They can do extremely well in bull markets with gains of as much as several hundred percent.

 These stocks can also do extremely well during strong market rallies, or if they are in a industry group that is performing very well. They tend to have strong earnings outlooks and are near new-52 week, or all-time highs.

  TTD Quick Trade Stocks - Long These are leading issues that have pulled back in recent days, but could move higher soon. They are most suitable for Aggressive Investors willing to trade short term. These stocks will do extremely  well during market advances. They have about 74% win rate. During market rally sequences the win rate is even higher. The return is small 3% to 8% in just a few days.

 TTD's Bargain Buy Trades - Long - Long Term.  These are for conservative bullish Investors These long-term buys are ideally suited for entry into stocks on pull backs within overall up trend. These stocks can give a good return long-term especially during a bull market.

   TTD also presents Stocks To Sell or Sell Short. These issues are suitable for aggressive investors willing to take short positions both as trades or for longer-term plays. These stocks will do very well during bear markets or market pull backs.

  TTD's Bearish breakdown stocks to sell short. These issues have potential to fall sharply. They often show a technical breakdown and also some fundamental business problem such as weak earnings.  

 TTD's multi-media updates include a slide-show that presents charts and analysis at midsession. Some times TTD presents feature analysis on stocks and the market. TTD uses Windows Media Files. (WMV).

 TTD also presents a "Breakout Watch List" that is up dated daily. This list consists of key stocks in position to breakout. A close watch of this list can put you in the stock just as it breaks out. A good idea is to study the list and be ready to move into a stock quickly as it hits its breakpoint.

TTD often suggests using stop buy orders to enter. It is very important to buy a breakout stock as close as possible to the breakpoint. The idea is to get "elbow room" if the stock should follow through to the upside. This is very important in being successful in making big money with breakout stocks.

It is also essential to have a stop loss strategy for all stocks in which positions are taken. Not every stock will work as expected. It is important for investors to "police" their portfolios and avoid getting trapped in any bad positions.

 Quality rating of breakout  Two key factors: 1 - Stock near all-time high in price or near a 52-week high. 2 - earnings growth current year is strong. The ideal play is a stock with an Above Average Quality Rating. The stock is near a new high and will have strong earnings. TTD's other ratings are Average and Below Average.

TTD also has  special feature sections on  Educational Tips on Investing.

To email Mr. Leo Fasciocco  leo@tickertapedigest.com.For service, email Beverly Owen owen@tickertapedigest.com. TTD’s Tel: 1-480-926-1680.

  Breakout Stocks

Total Buy Breakouts so far today - 11

Overall Quality of Breakouts - AVERAGE

Stocks Screened - 8,300

Bull side - Breakout list large with some good looking plays. Stock market holds near-term up trend. Bulls can be venturesome.

 (Put mouse on Dow chart to see Nasdaq chart)

Long Term Environment for bulls:  Bullish

    Stock Market Momentum

Market (Daily) - NYSE Bullish, Nasdaq Bullish

Market (Weekly) - NYSE Bullish, Nasdaq Bullish

Market  (Monthly) - NYSE Bullish, Nasdaq Bullish 

Ticker Tape Digest's

Timely Breakout Stocks From Tape Action - Thursday

(The “breakout List” gives all stocks breaking out of a base of five weeks or more. These stocks have a good chance to trend higher. However, a stop should be used to avoid those that do not work. They are ranked according to percentage change and classified as leaders or other. (Trading strategy: One should buy breakout stocks at breakpoint by using market order or stop buy)All Timely Breakout Stocks From Tape Action Today )  

Today's Featured TTD Breakout Stock

Beacon Roofing Supply Inc. (BECN) - 44.70, up 0.76 - Breakpoint 43.34

Net to Jump 39% This Fiscal Year (Sept), TTD Targets 54

  BECN, based in Herndon, Va., makes roofing materials for homes. Annual revenues: $2.9 billion. BECN's stock breaks out Thursday from a three-month, cup-and-handle base. The move carries the stock to a new all-time high. That is bullish.

  So far today, BECN is trading 361,753 shares. Its average daily volume is 493,000 shares.

  BECN's stock moved higher in the morning clearing its breakpoint line. (see 10-minute chart)

  The stock continued to work higher through the day.

  BECN closed near its high for the day. That is bullish.

  TTD's clip of the tape shows BECN's tape action.

  One can see the price for the blocks climbing from $43.94 to as high as $44.80.

  A key bullish trade came in the morning when a block of 1,719 shares crossed the tape at $43.98.

  That was up from the prior block trade at $43.94 on 2,555 shares.

  Near the close a massive block of 14,291 shares (duplicated) crossed the tape at 44.70.

  That was up from the prior trade on the tape at $44.68 on 100 shares.  

  BECN makes residential and non-residential roofing materials, and other building materials to contractors and home builders.

The company's roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts and wood shingles.

 Its non-residential roofing products comprise single-ply roofing; asphalt; metal; modified bitumen; build-up roofing; cements and coatings; flat stock and tapered insulations.

  BECN also provides complementary building products, such as vinyl, cedar, and fiber cement sidings; soffits; house wraps; vapor barriers; and stone veneer.

  BECN's 12-month performance chart shows the stock appreciating 38% versus a 1% decline for the stock market.

  BECN's long-term chart shows the stock peaking at $28.96 in 2006. The stock then fell to 6.70 by early 2008 due to the bear market.

  After that decline, BECN's stock worked steadily higher reaching a peak of 42.70 in 2013. The stock then pulled back to 23 in early 2015. However since then BECN has driven higher and today makes a new high.

  BECN's daily chart shows the stock meeting upside resistance near 43 back in November, December and February.

  The stock rallied strongly from its low in February and now clears its resistance line.

  It did attempt a breakout four sessions ago, but faded back. So, it will be important for BECN to show a follow through on Thursday's breakout.

  BECN's CCI momentum indicator (top of chart) is solidly bullish.

  The accumulation - distribution line (bottom of chart) is trending higher complimenting the price action.

  This fiscal year ending in September, analysts are forecasting a 39% jump in net to $1.92 a share from $1.38 a year before.

  The stock trades with a price-earnings ratio of 23. TTD sees that as attractive to value-growth investors.

  Looking out to fiscal 2017 ending in September, analysts predict a 24% rise in net to $2.37 a share from the anticipated $1.92 a share this fiscal year.

  For the upcoming fiscal second quarter ending in March, analysts expect a loss of 21 cents a share compared with a loss of 20 cents a year before.

  The fiscal second quarter trends to be slow because of weather.

  Going out to the fiscal third quarter ending in June, the Street is looking for a robust 36% jump in net to 76 cents a share from 56 cents the year before.

  The highest estimate on the Street is at 83 cents a share for the quarter. BECN has topped the consensus the past fourth quarters. So, TTD sees chances for an upside earnings surprise.

  Strategy Opinion: TTD is targeting BECN for a move to 54 within the next few months. A protective stop can be placed near 42.

  TTD rates BECN a good intermediate-term play provided earnings remain on course.

  Sponsorship: Good. The largest fund buyer recently was Lord Abbett Developing Growth A which purchased 543,792 shares as a new position. The 3-star rated fund has a 0.9% stake.

  The largest fund holder is Oak Ridge Small Cap Growth A Fund with a 2.1% stake. The 3-star rated fund was a recent buyer of 40,000 shares.

  BECN has 59 million shares outstanding. Institutions hold 73% of the stock and insiders have 23%.

  Insider Activity: Neutral. Not much activity. Most recently insiders were buyers at $24 using stock options. They were sellers at $37.

  Currently, 14 analysts follow the stock, 8 have a buy, up from 6 three months ago.

  BECN has a book value of $20.46 a share.

Stock Performance Chart with Quarterly Earnings Markers.

Charts of Selected Breakout Stocks

Ticker Tape Digest’s

Stocks To “Sell or Short”

Ticker Tape Digest’s Daily List of “Stocks To Sell or Sell Short” ranks stocks well timed to be sold immediately based on daily trading. The list can be used as an alert to reduce current long-term positions.

Shorts from tape action so far today - 3

Stocks Screened - 8,300

Long-Term Environment for bears: Unfavorable.

Bear Side - Small list of breakdown stocks Thursday. Disk makers fall sharply. Bears be conservative.

List of Stocks To Sell or Short

TTD’s Feature Bear Play

Seagate Technology Plc. (STX) - 27.11, down 6.82

Cuts Revenue Forecast, TTD Sees Decline to 22

  STX, based in Ireland, makes electronic data storage products in  Asia and the U.S. Annual revenues: $12.2 billion. STX's stock falls sharply Thursday after the company forecasts a drop in revenues. So far today, STX is trading a heavy 48.4 million shares, 10-times its average daily volume of 4.7 million shares.

  TTD highlighted STX as a short at our midsession video show on the Web.

  STX said revenues for the upcoming fiscal third quarter ended June 30 will be $2.6 billion.

  That is down from the prior forecast of revenues of $2.7 billion.

  The stock responded very bearishly to the news.

  For the upcoming fiscal third quarter, earnings are projected to drop 43% to 61 cents a share from $1.08 a year ago.

  The lowest estimate on the Street is at 50 cents a share for the quarter.

  STX's stock fell in the morning and touched a low of $26.92. The stock then trended mostly sideways the rest of the day.

  The company makes hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems.

Analysts are expecting a 40% drop in STX's earnings for the fiscal year ending in June to $2.76 a share from $4.57 the year before.

STX's daily chart shows the stock gapping lower on big volume. The move triggers a renewal of the down trend. The stock's accumulation - distribution line is now trending sharply lower.

Strategy Opinion: TTD is targeting STX for a decline to 22 within the next few months, or sooner. A protective stop buy can be placed near 28.60.

TTD takes no responsibility for trading by those using this information. The stocks presented in our report are those we deem the best looking "Day Trades" for the long side. We take no responsibility for the accuracy of this data, although every effort is made to present the information correctly. Copyright Ticker Tape Digest. - 2016

TTD columnist Leo Fasciocco has covered the stock market for over 20 years. His articles appear in many publications. He is also a speaker at the Intershow conferences. He has been on television and radio. He is author of many educational articles about stock investing and the book “Guide To High-Performance Investing.”

For information to subscribe to the Ticker Tape Digest Services call: Beverly Owen at 1-480-926-1680. Distributed by Corona Publishing Enterprises. Ticker Tape Digest Inc. P.O. Box 2044 Chandler, Az. 85244-2044. TTD “Professional Report” is available on the World Wide Web: $100 per month. Password needed. “TTD Professional“ Faxed is $200 per month. The TTD Daily Report is $39.95. Credit cards accepted.

(The information contained has been prepared from data deemed reliable but there is no guarantee of complete accuracy. Ticker Tape Digest Inc. is not affiliated with any broker, dealer or investment advisor. Nothing in this publication constitutes an offer, recommendation or solicitation to buy or sell any securities. Further research is advised. This report is copyrighted and no redistribution is permitted with out permission.)